Avis Budget Execs Sell Near Multiyear High

Seven insiders at the car-rental giant sold $6 million in stock.

Avis Budget shares are idling near a multiyear high, and insiders drove their holdings to the bank, selling $6,030,417 in stock.

From Feb. 15 through 22, seven insiders including the chief financial officer sold 254,700 shares of Avis Budget (ticker: CAR) at an average of $23.68 each. Some of the shares sold were from exercised options.